Mount Healthy treasurer reports $10.97M fund balance; board approves routine finance items

The Mount Healthy Board of Education approved the district’s monthly financial reports on Nov. 10 after hearing a treasurer’s presentation showing an Oct. 31 fund balance of $10,965,043.50. The treasurer walked the board through the cash summary, bank reconciliation and a payroll reconciliation that identified a continuing variance of $1,723.33; staff said they will follow up with the bank and vendors to resolve timing and deduction issues.

The treasurer also reviewed the monthly monitoring workbook comparing budgeted amounts to actuals, highlighting several variance lines (described as 'pink' numbers) that are being monitored but currently within about 6% of expectations. A recurring $30,000 entry in 'other financing sources' will be examined with forecasting personnel and the consultant identified informally as Ernie.

The board approved several routine finance items in the meeting: an annual transfer of class funds from the 2025 graduating class to the 2026 class, approval of purchase orders over $5,000, and payment to reconcile a Medicare-related invoice that exceeded its PO. Motions to approve these items were moved and seconded by board members (motions and seconders recorded in minutes) and carried by recorded 'Yes' votes from present members.

The treasurer noted grants are recorded on a reimbursement basis and that a Financial Recovery Plan (FRP) set-aside will be used to correct older negative grant account balances in November. Staff said they will return with additional reporting on the recurring other-financing entry and any bank-reconciliation updates.